Agrosevilla makes acquisition offer for Euroliva

✦ Meridian Analysis

Agrosevilla, a second‑tier cooperative based in Seville and one of the world’s leading table‑olive producers, lodged a €2 million cash offer on 1 October in the Seville Commercial Court to acquire the production unit of olive‑exporter Euroliva. The bid, which has been signed and is now awaiting judicial valuation, includes a pledge to keep the packaging plant operating for at least two years and to preserve all 63 jobs. Euroliva, owned by the Crespo family since 1968, is in liquidation after failing to secure a creditors’ agreement and a debt‑restructuring plan for more than €11 million owed mainly to Santander and Deutsche Bank. The mechanics resemble a distressed asset purchase: the buyer offers cash, assumes the target’s liabilities, and relies on court‑approved restructuring rather than a conventional merger agreement.

The Meridian Weekly